Keras Resources (LSE:KRS) Days Inventory : 2,754.09 (As of Jun. 2023)

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What is Keras Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Keras Resources's Average Total Inventories for the six months ended in Jun. 2023 was £0.66 Mil. Keras Resources's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.04 Mil. Hence, Keras Resources's Days Inventory for the six months ended in Jun. 2023 was 2,754.09.

The historical rank and industry rank for Keras Resources's Days Inventory or its related term are showing as below:

LSE:KRS' s Days Inventory Range Over the Past 10 Years
Min: 927.07 Med: 927.07 Max: 1086.01
Current: 1086.01

During the past 11 years, Keras Resources's highest Days Inventory was 1086.01. The lowest was 927.07. And the median was 927.07.

LSE:KRS's Days Inventory is ranked worse than
95.78% of 663 companies
in the Metals & Mining industry
Industry Median: 88.19 vs LSE:KRS: 1086.01

Keras Resources's Days Inventory increased from Jun. 2022 (639.63) to Jun. 2023 (2,754.09). It might indicate that Keras Resources's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Keras Resources's Inventory Turnover for the six months ended in Jun. 2023 was 0.07.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Keras Resources's Inventory-to-Revenue for the six months ended in Jun. 2023 was 1.67.

Keras Resources Days Inventory Historical Data

The historical data trend for Keras Resources's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Keras Resources Days Inventory Chart

Keras Resources Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec22

Days Inventory

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927.07

Keras Resources Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															332.94	151.42	639.63	661.13	2,754.09

Competitive Comparison of Keras Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, Keras Resources's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Keras Resources's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Keras Resources's Days Inventory distribution charts can be found below:

* The bar in red indicates where Keras Resources's Days Inventory falls into.

Keras Resources Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Keras Resources's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2020 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0.668)	/	1 )	/	0.263	*	365
=	0.668					/	0.263	*	365
=	927.07

Keras Resources's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.668	+	0.66)	/	2 )	/	0.044	*	365 / 2
=	0.664					/	0.044	*	365 / 2
=	2,754.09

Keras Resources (LSE:KRS) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Keras Resources's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.044	/	0.664
	=	0.07

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Keras Resources's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.664	/	0.397
	=	1.67

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Keras Resources Days Inventory Related Terms

Thank you for viewing the detailed overview of Keras Resources's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Keras Resources (LSE:KRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Keras Resources PLC (LSE:KRS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

KRS.GB:UK

Address

Downside Bridge Road, Coveham House, Cobham, Surrey, GBR, KT11 3EP

Website

https://www.kerasplc.com

Keras Resources PLC is engaged in exploration and mining. It principally engages in the business of manganese and cobalt exploration in West Africa. The company's main projects are the Nayega manganese project and the Diamond Creek Phosphate mine. The operation produces a variety of organic phosphate products directly for the US fertilizer market. It derives a majority of its revenue from the US.

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